Bad Faith Insurance Claims

Insurance companies, mostly in part due to the sensitivity of the nature of their business, have
to be obligated to always act in good faith towards their clientele. In Colorado, there are consumer
laws protecting you from insurance companies acting in bad faith, something that a consumer advocate
is always on the lookout.

Under the consumer laws in the state of Colorado, insurance companies are required to promptly investigate
your claim. After you file a claim, a good insurance company should immediately look into the
incident that has caused you to file the claim and to decide whether there are enough grounds
to approve the claim.

Once the insurance company has looked into your claim and approved it, they should promptly pay you
even without pressure from a consumer advocate. This would be the second guideline that insurance
companies have to abide with in terms of acting in good faith. If your insurance company failed
to do this, you can file a bad faith insurance claim against them.

The third guideline stated by Colorado law states that the insurance company should communicate regularly
with you so as to keep you informed of the status of your claim. If on the other hand, they are
having trouble assessing the claim, they should at least keep you in the loop of what is happening
with your claim and their investigation.

Any undisputed portion of a claim should be promptly paid by the insurance company. If your claim
is denied, the insurance company must provide a clear explanation why is it denied. If your claim
is accepted, a
personal injury settlement may occur. Be wary of settlements if you are not sure how the
settlement process works, as you may end up getting the shorter end of the stick. The Personal
Injury Law Firm of Colorado can help guide you through this sticky situation with their expertise.

Insurance companies are very important because of the services that they offer. Sometimes, this importance
has made some companies think that they can get away with almost anything. The good thing is
that the consumer law is on the side of the consumer on this issue.

If you are still unaware of this issue or you want to learn more how to protect your rights or learn
how you can get a personal injury settlement from your insurance company, consulting a lawyer
would be the best course of action.

Personal Injury Law Firm of Colorado helped thousands of injured people in Colorado.

Our commitment to every client will earn your trust. We have the legal experience both in and
out of court to handle your case in a professional, expedient manner. We have a long-standing
record of success in representing our clients.